Northern 3 VCT PLC Announces Share Allotment and Voting Rights
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Northern 3 VCT PLC Announces Share Allotment and Total Voting Rights
Overview of Share Allotment
Northern 3 VCT PLC announces that it has allotted 427,793 ordinary shares of 5p each to shareholders who subscribed for shares under the Company’s Dividend Investment Scheme. The subscription price for these new shares was set at 86.5p each. Following this allotment, the total number of ordinary shares in circulation now stands at 147,180,793.
Application for Admission of New Shares
The Company is taking active steps to ensure that the newly issued ordinary shares will rank equally alongside the existing ordinary shares. An application will be submitted at the earliest practical opportunity to have these new shares admitted to the Official List of the Financial Conduct Authority (the FCA) and available for trading on the London Stock Exchange’s market for listed securities. Dealings in these shares are anticipated to commence around the end of August.
Disclosure of Voting Rights
In accordance with the FCA’s Disclosure Guidance and Transparency Rules (DTRs), the Company informs the market that it currently has a capital structure comprising 147,180,793 ordinary shares, each with a nominal value of 5p. Each of these ordinary shares carries voting rights, and the Company does not hold any shares in treasury. Consequently, the total number of voting rights within the Company is set at 147,180,793. Shareholders and other relevant parties may use this total as the basis for calculations required under the DTRs regarding voting rights notifications.
Contact Information
For further inquiries, please contact Sarah Williams or James Sly at Mercia Fund Management Limited by calling 0330 223 1430.
Frequently Asked Questions
What is the purpose of the share allotment by Northern 3 VCT PLC?
The share allotment is part of the Company’s Dividend Investment Scheme, allowing shareholders to subscribe for additional shares.
What is the significance of the new shares ranking pari passu?
When new shares rank pari passu, it means they will have the same rights as existing shares, including voting rights and dividend entitlements.
How many total shares are currently in circulation after the allotment?
After the allotment of the new shares, there are 147,180,793 ordinary shares in circulation.
What role does the FCA play in this share issuance?
The FCA regulates the admission of securities to trading on the stock exchange, ensuring compliance with relevant transparency rules.
Who can be contacted for further inquiries concerning the share issuance?
Inquiries can be directed to Sarah Williams or James Sly at Mercia Fund Management Limited via the provided phone number.
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